Dear friend
For each and every transaction, whether inta-day or delivery your broker gives you contract note. It can be in physical form, or in electronic form which will be sent through email or in your online trading account reflected in your trading account ledger. Collect all the contarct notes chronologically, compile all the information in an excel sheet and pay income tax at 10% rate for the net gain. If the result is net loss you will not pay any ST ca[ital gains tax.Keep a habit of entering information of transactions on daily basis or atleast file all the contract notes chronologically.
Sunday, January 20, 2008
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